Inheritance

Tax Brackets for 2024

Alert, Blog, contribution limits, Estate Tax, Financial, Information, Inheritance, National Issues, Planning, Tax Planning / By Lynn Lambrecht

The IRS has released income tax brackets and standard deductions for 2024. To plan ahead for what you’ll owe on your taxable income, here are the numbers. Photo by Tara Winstead: https://www.pexels.com/photo/folder-and-calculator-on-white-table-7111512/ Highlights The Details Per CNBC, here are the marginal tax brackets for 2024 Marginal tax brackets for tax year 2024 Married filing jointly […]

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Estate Tax

Assets, Blog, Estate Tax, Gift, Inheritance, Planning, Tax Planning / By Lynn Lambrecht

How familiar are you with the term estate tax? Did you know that there can be both federal and state or inheritance estate tax in the US? Let’s look at what it means and how you may plan accordingly. The IRS defines estate tax as “the estate tax is a tax on your right to

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